Global Infrastructural Services: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Global Infrastructural Services
Largest movements
- Current investments +€22,000
new in 2025: €22,000
- Receivables within one year -€21,808
down €21,808 (-68.9%), from €31,668 to €9,860
of which Trade receivables: -€31,290
- Cash +€21,001
up €21,001 (+27.3%), from €76,914 to €97,915
mainly Receivables within one year (+€21,808) and Net result for the year (+€20,086)
- Tangible fixed assets -€3,226
down €3,226 (-15.4%), from €20,992 to €17,766
- Profit (loss) carried forward +€20,986
up €20,986 (+40.5%), from €51,775 to €72,761
- Tax, wage and social debts -€17,295
down €17,295 (-57.7%), from €29,974 to €12,679
of which Remuneration and social security: -€11,906
- Trade debts +€10,341
up €10,341 (+348%), from €2,969 to €13,310
- Debts after one year +€5,000
up €5,000 (+20.0%), from €25,000 to €30,000
- Gross operating margin +€1,222
up €1,222 (+3.8%), from €32,535 to €33,757
- Taxes +€1,193
up €1,193 (+13.7%), from €8,722 to €9,915
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,574 | €147,541 | +€17,967 | +13.9% |
| Fixed assets | 21/28 | €20,992 | €17,766 | -€3,226 | -15.4% |
| Tangible fixed assets | 22/27 | €20,992 | €17,766 | -€3,226 | -15.4% |
| Assets under construction and advance payments | 27 | €20,992 | €17,766 | -€3,226 | -15.4% |
| Current assets | 29/58 | €108,582 | €129,775 | +€21,193 | +19.5% |
| Amounts receivable within one year | 40/41 | €31,668 | €9,860 | -€21,808 | -68.9% |
| Trade receivables | 40 | €31,290 | €0 | -€31,290 | -100% |
| Other amounts receivable | 41 | €378 | €9,860 | +€9,482 | +2,509% |
| Current investments | 50/53 | - | €22,000 | +€22,000 | |
| Cash at bank and in hand | 54/58 | €76,914 | €97,915 | +€21,001 | +27.3% |
| Total equity and liabilities | 10/49 | €129,574 | €147,541 | +€17,967 | +13.9% |
| Equity | 10/15 | €70,375 | €91,361 | +€20,986 | +29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,775 | €72,761 | +€20,986 | +40.5% |
| Amounts payable | 17/49 | €59,199 | €56,181 | -€3,018 | -5.1% |
| Amounts payable after more than one year | 17 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Financial debts | 170/4 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Amounts payable within one year | 42/48 | €33,299 | €26,181 | -€7,118 | -21.4% |
| Trade debts | 44 | €2,969 | €13,310 | +€10,341 | +348% |
| Suppliers | 440/4 | €2,969 | €13,310 | +€10,341 | +348% |
| Taxes, remuneration and social security | 45 | €29,974 | €12,679 | -€17,295 | -57.7% |
| Taxes | 450/3 | €15,574 | €10,185 | -€5,389 | -34.6% |
| Remuneration and social security | 454/9 | €14,400 | €2,494 | -€11,906 | -82.7% |
| Other amounts payable | 47/48 | €356 | €191 | -€165 | -46.2% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,962 | €3,225 | +€263 | +8.9% |
| Other operating charges | 640/8 | €410 | €532 | +€122 | +29.8% |
| Gross operating margin | 9900 | €32,535 | €33,757 | +€1,222 | +3.8% |
| Operating profit (loss) | 9901 | €29,163 | €30,000 | +€837 | +2.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €46 | - | -€46 | |
| Recurring financial charges | 65 | €46 | - | -€46 | |
| Profit (loss) for the period before taxes | 9903 | €29,117 | €30,000 | +€883 | +3.0% |
| Income taxes | 67/77 | €8,722 | €9,915 | +€1,193 | +13.7% |
| Profit (loss) for the period | 9904 | €20,395 | €20,086 | -€309 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,395 | €20,086 | -€309 | -1.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.